Which of the following is not an example of a demand shock?
a. A reduction in government spending
b. An increase in income tax rates
c. A change in oil prices.
d. A money supply increase.
e. An increase in government spending.
C
Economics
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The figure above shows Sam's budget line. Which of the following equals the vertical intercept of Sam's budget line?
A) Y/Pc B) Y/Pg C) -(Pc/Pg) D) -(Pg/Pc)
Economics
Refer to the graph. A decrease in fixed costs is shown by:
A. a move along short-run average total cost curve ATC 2 from point e to point f.
B. a move along short-run average total cost curve ATC 1 from point a to point b.
C. the shift of the short-run average total cost curve from ATC 1 to ATC 2 .
D. the shift of the short-run average total cost curve from ATC 2 to ATC 1
Economics